The roads to peace – Iran and Ukraine

Iran Road to Peace:

Trump’s attack on Iran was a failure. What Iran is demanding is the unfreezing of Iranian assets (24 billion dollars) for a demined Strait of Hormuz. Iran stated they have no intentions of developing a nuclear weapon. They said that when Obama was president eleven years ago. So, it is no concession as a result of the war.

Obama’s plan (JCPOA) would have worked, inspections of enrichment of uranium in return for the lifting of sanctions. Trump has to lift sanctions if he wants ships to be able to pass through the Strait of Hormuz, and bring down the price of oil worldwide. It is not our oil that passes through the Strait, but oil prices depend on the global supply and demand.

Whether the MOU is a prelude to peace or war, is hard to say. It left more issues on table than off. I like to call it a 60 day cease fire agreement. Already, Trump is setting up JD Vance to take the blame for Iran negotiations failure. Trump is seeing this as a transactional deal, we pay you and get what in return? A demined strait and promises to limit enrichment? Likely much less than Obama negotiated 11 years ago.

Ironically, it was not a war that JD Vance supported. JD Vance will have little to show for agreeing to unfreeze assets, except the Strait of Hormuz will continue to be open.

If it doesn’t work out, I’m blaming JD’: Vance’s risky gambit on Iran peace efforts

Ukraine Road to Peace:

Putin’s invasion of Ukraine is a failure. The latest attack on Moscow showed this. What Russia needs to do now, is withdraw it’s troops from Ukraine. This is Ukraine’s demand. The US should be 100% behind Ukraine. Instead, at every opportunity, we talk of reducing military support for NATO and our allies. Ultimately, Ukraine must become part of NATO, which is a mutual defense organizations for democratic European countries

It is a humiliating defeat for Putin. He doesn’t have a convenient JD Vance to blame.

Neither road is easy. Trump’s tearing up of the negotiated JCPOA and bombing Iran has been counterproductive to any objective he has stated.

Putin by himself, will not make peace with Ukraine. It must be the others in power that force him to withdraw the troops.

Stay tuned,

Dave

Iran War Brief Update

You can fool some of the people, sometimes, but not Wall Street! Well, all analysts don’t agree, But, they their collective opinion on the trajectory of oil prices, is clear: Straight up for now.

It’s clear that Trump’s optimism and indifferemce (it’s not our oil) to the shutdown of the Strait of Hormuz didn’t win over many investors. His speech was good for 15 minutes on Fox News, but that’s it. The average gas price is $4.12, but prices are reported much higher in California. The US Oil fund closed up 11% on Thursday, April 2.

I don’t think there is any quick solution, particularly the kind that Trump prefers (bombs). Good reporting means being there, not sitting in groups on sofas (yes -Fox News) making jokes. Being there means getting on a boat and filming stranded tankers anchored in the Strait. It’s not hard, as they likely began from Oman.

YouTube BBC Link: Strait of Hormuz remains effectively closed despite Trump’s threats to Iran | BBC News

I don’t usually post YouTube links, but this one from CNN commentator, Fareed Zakarian is excellent.

Iran is now making twice as much oil money since war began | Fareed’s Take

At the end of his “take”, he provides a list of winners and losers to the war. If Iran is able to charge tankers for passage through the Strait, it is a winner, and can start to rebuild its military. Trump has relaxed sanctions against Russia, to increase world oil supply and with the surge in oil prices, Russia is a winner.

On the losers side (beyond the US), is Ukraine, with the diversion of military equipment to support the war, and Trump’s verbal attacks on NATO, threatening most recently to pull out of NATO. Also, European countries are suffering with the high cost of oil. Saudi Arabia is also a loser as its worldwide investments suffer.

On the winners side,are both China and Russia. With Trump loosening sanctions against Russian oil exports, Russia gains as Ukraine suffers.

Not good. Stay tuned,

Dave

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Trump’s Speech on the Iran War

Typical Trump speech. It was 19 minutes long. Not all of it was about Iran. From beginning to end, Trump bragged about how everything was successful. It was a long series of lies, so many that I had to categorize them into groups – Why we attaked Iran (2), Attacks on Obama (2), Death counts, Success of war and finally (2) and How incredibly successful he has been in making everything better (2).

Lie #1: Why we attacked Iran (From Factcheck.org)

Trump claimed that before the U.S. attacked, Iran “would soon have had missiles that could reach the American homeland,” but arms control experts have disputed Trump’s claim.

Lie #2: Why we attacked Iran (Factcheck.org)

The president said that Iran was “right at the doorstep” of “a nuclear bomb.” Arms control experts have said that there’s a lack of evidence that Iran was rebuilding its nuclear program before the U.S./Israeli military operation and that a nuclear weapon wasn’t “imminent.”

LIe #3: Attacks on Obama’s Plan:(AP Fact checking site)

Trump criticized an Obama-era agreement that he said “would have led to a colossal arsenal of massive nuclear weapons for Iran” if Trump hadn’t ended it in his first term. That’s Trump’s opinion. One arms control group estimated the withdrawal from the agreement sped up the time it would take for Iran to produce weapons-grade uranium.

The agreement was called the JCPOA, or Joint Comprehensive Plan of Action, It would have required Iran to be subjected to closely monitored by the International Atomic Energy Agency. See link at end of this post.

Lie #4 (Misleading information): Obama gave Iran 1.7 billion dollars in cash (AP website)

The U.S. Treasury did pay Iran roughly that amount under Obama. But it was not a gift. Rather, it was money owed to the Iranians since the 1970s, when they paid the U.S. $400 million for military equipment that was never delivered because the government was overthrown and diplomatic relations ruptured.

After the 2015 deal to restrain Iran’s nuclear development, the U.S. and Iran announced they had settled the matter, with the U.S. agreeing to pay the $400 million principal in cash, along with about $1.3 billion in interest. Trump later took the U.S. out of the deal.

So, we basically ripped off Iran about 38 years ago, keeping their money and not delivering the military eqipment. It was right not to give them the military equipment, but we shoud have given them back the 400 million dollars.

Yet, I was suprised at the $1.3 billion in interest payments. But, this debt dated back at least ot 1978 or earlier. Assuming the debt ran from 1978 to 2014, I calculate the interest rate of the debt to be 4.1%,a very reasonable interest rate. The money owed on debt at 4.1% interest doubles every 19 years.

Lie #5: Death count of protesters.(AP website)

“This murderous regime also recently killed 45,000 of their own people who were protesting in Iran.”

There is no basis for the 45,000 value. The use of deadly force against protesters in January was an atrocity. The Iranian government put the death toll at 3,117, stating that 2,447 were civilians and security forces, and the rest were “terrorists.” And the government blamed the US and Israel for the protests. It is likely understimated and other estimates are presented on the AP website. We did not attack Iran because of the January massacre.

AP states 53,000 people were arrested. Big difference between being arrested and being killed.

Lie #6: Success of the attack (AP website)

“Regime change was not our goal. We never said regime change, but regime change has occurred because of all of their original leaders’ death. They’re all dead. The new group is less radical and much more reasonable.”

From the AP website: “Trump’s depiction of the people now in charge in Iran, after scores of senior leaders were killed in the war, stretches credulity. Israel’s airstrike at the start of the war Feb. 28 killed Supreme Leader Ayatollah Ali Khamenei. Iran then installed his son, Mojtaba, who is viewed as even more hard-line, as supreme leader. The monthlong war has seen Iran’s paramilitary Revolutionary Guard grow even more ascendant. Iran’s civilian leadership — broadly untouched by the war — acknowledges it has little command and control over the Guard’s actions.

Both Trump and Israel have signaled they would tell the Iranian people to rise up at a point in the war to take back their government. That hasn’t happened.”

Trump is purposely vague about the “new group” Experts consider that the US and Israel attacks resulted in the Iranian Revolutionary Guard, which is really their military, being more in control of the country than the civilian leadership,

Lie #7: Destroying Iran’s ability to develop nuclear weapons (Factcheck.org)

Trump said the U.S. “totally obliterated” three nuclear facility sites in Iran last June. Experts and a classified U.S. intelligence report said the sites were damaged and Iran’s uranium enrichment program was set back, but the sites and the country’s nuclear capabilities weren’t completely destroyed.

The president went on to say that Iran “sought to rebuild their nuclear program at a totally different location, making clear they had no intention of abandoning their pursuit of nuclear weapons.” He said the country was “right at the doorstep” of “a nuclear bomb, a nuclear weapon, a nuclear weapon like nobody’s ever seen before.”

As we reported last month, Kimball told us that “[w]hile Iran’s nuclear program remains a medium- to long-term proliferation risk, there was and is no imminent Iranian nuclear threat; Iran is not close to ‘weaponizing’ its nuclear material so as to justify breaking off negotiations and launching the U.S.-Israeli attack.” (see factcheck.org link at the end of this blog)

Lie #8 “We’re now totally independent of the Middle East, and yet we are there to help. We don’t have to be there. We don’t need their oil.’’ (AP Website)

From the AP fact checking: “It’s true that the United States is by far the world’s leading producer of oil and relies on the Persian Gulf for a fraction (8.5% in 2025) of the oil it imports. But, as is obvious at U.S. gas pumps, that doesn’t mean it is unaffected by the turmoil in the Middle East.

Oil is a commodity, “the price of which is set in a global market,’’ University of Chicago energy analyst Sam Ori said before Trump’s speech, “and a disruption anywhere affects the price everywhere.’’ Which is why the price of benchmark U.S. crude oil is up more than 50% since the Iran war began, and the average price of U.S. gallon of gasoline cracked $4 a gallon this week.”

Lie #9: Trump cited “record-setting setting investments coming into the United States, over $18 trillion.”

Trump has presented no evidence that he’s secured this much domestic or foreign investment in the U.S. Based on statements from various companies, foreign countries and the White House’s own website, that figure appears to be exaggerated, highly speculative and far higher than the actual sum. The White House website offers a far lower number, $10.5 trillion, and that figure appears to include some investment commitments made during the Biden administration.

A study published in January raised doubts about whether more than $5 trillion in investment commitments made last year by many of America’s biggest trading partners will actually materialize and questions how it would be spent if it did.

Lie #10: “Under my leadership, we are No. 1 producer of oil and gas on the planet, without even discussing the millions of barrels that we’re getting from Venezuela,” Trump said. “Because of the Trump administration’s policies, we produce more oil and gas than Saudi Arabia and Russia combined. Think of that. Saudi Arabia and Russia combined, and that number will soon be substantially higher than that.”

As we’ve written, the U.S. has been the world’s No. 1 producer of petroleum, which includes both crude oil and refined petroleum products, such as gasoline, since 2013, and it has produced the most crude oil, including lease condensate, since 2018, as was long predicted. The International Energy Agency said in a 2012 energy outlook report that the U.S. was projected to become “the largest global oil producer” by “around 2020” due to advances in shale extraction technology.

Meanwhile, the U.S. has been the leader in natural gas production even longer — since 2009, according to the U.S. Energy Information Administration. The U.S. overtook Russia to become the top producer of natural gas, and it has produced more of it than Russia and Saudi Arabia, combined, in all but one year since 2014.

Saudi Arabia and Russia had produced the most petroleum and crude oil until the U.S. surpassed them years ago. The U.S. has produced more petroleum than Saudi Arabia and Russia together since 2024, but it does not produce more crude oil than those two countries combined.

I note that the US production increase has been largely the result of deep water exploration in the Gulf of Mexico and the frakking of tight sands. The latter has increased recently, because of the increase in gas prices as a result of increase demand to power data centers devoted to AI and bitcoin mining.

Lie -#11: Basically, Biden killed the economy, and I made America great again (Factcheck.org)

Trump repeated his false claims about turning around a country that was “dead and crippled” economically.

“We built the strongest economy in history,” he said. “We’re going through it right now, the strongest in history. In one year, we’ve taken a dead and crippled country, I hate to say that, but we were a dead and crippled country after the last administration, and made it the hottest country anywhere in the world by far, with no inflation, record-setting investments coming into the United States over $18 trillion and the highest stock market ever, with 53 all-time record highs in just one year.”

Trump didn’t create the “strongest” economy in his first or second term as president. Economists generally measure a nation’s health by the growth in real (meaning inflation-adjusted) gross domestic product. In his first year back in office, the Bureau of Economic Analysis said that real GDP grew at an annual rate of 2.1% in 2025, which was down from the annual rate of 2.8% in 2024 under his predecessor.

In addition, as of February, the unemployment rate in the U.S. had increased to 4.4% — up from 4% when Trump took office in January 2025, according to the Bureau of Labor Statistics.

There is also still inflation, even though the annualized rate, based on the Consumer Price Index, did decline from 3% in January 2025 to 2.4% as of February. Overall prices may have increased further since then. The Federal Reserve Bank of Cleveland is predicting that the annual inflation rate in March was back up to 3%, largely because of the impact that the U.S. and Israeli war with Iran is having on energy prices.

And Trump continues to inflate the total amount of investments he has secured from foreign companies and countries. The White House’s own website puts the figure at $10.5 trillion — not $18 trillion. But as we’ve written, even that number cannot be substantiated because it includes pledges and planned investments that may not materialize, as well as some investments that may not be due to Trump.

Conclusion:

It was largely a feel-good speech if you were a devote Trump believer. To the rest of us, it was packed with lies, and tiring to hear it again The takeaway was, unfortunately, bombs work better than talk. Obama worked out an imperfect but workable solution with onsite inspections to prevent Iran from having nuclear weapons.

Wars have horrible consequences. United States was “likely” responsible for bombing of girls’ school in Iran, per early U.S. assessment. Yet Trump could boast that he took action that no other president dared to do.

I think the PBS review of his speech nailed it, as he didn’t tell us anything we already know. It was a quick sales job. What he didn’t say was probably more telling as he has constantly been claiming that the US and Iran were holding talks in Pakistan to end the conflict. Not a word in his speech of how this war would end.

PBS also noted that there was no mention of NATO or any European powers. He took a convenient off ramp to the soaring world-wide oil prices. Iran closed the Strait of Hormuz because of the Israel and US attack, and very predictably, gas prices have increased about 30% to 50%. Trump is definitely right, tankers passing through the Strait of Hormuz are mainly destined to Asia, not the US. But, the shortages of oil, means worldwide prices increase.

Stay tuned,

Dave

Links:

PBS: 4 takeaways from Trump’s address on the Iran war

CBS News: United States was “likely” responsible for bombing of girls’ school in Iran, per early U.S. assessment

FACT FOCUS: False claims Trump made as he addressed the nation about Iran

FactChecking Trump’s Prime-Time Address on Iran

Boeing Crash in Iran

Iranian investigators rushed to the scene of the accident for a reason, the evidence must be preserved.  They reported that the black boxes were found.  This was very important.   Boeing offered to help in the investigation, and they have very good reason for this, as it was a Boeing 737-800 which crashed.  Iran responded that it will not share the black box with Americans.

The U.S. National Transportation Safety Board are the ones who should be assisting Iranian authorities.    Bloomberg News posted this opinion on their website:

“NTSB experts are widely recognized as among the best crash investigators in the world and they regularly participate in investigations at the behest of foreign governments, under a process outlined in Annex 13 of the Convention on International Civil Aviation.”

However, as pointed out in their post, US sanctions against Iran makes it difficult for the NTSB to act immediately.   The Bloomberg blog states:

American sanctions on Iran require NTSB investigators to procure a license from the Treasury Department in order to work with Iranian counterparts—such clearances can take as long as a year to be issued.

That’s terrible!   There are obvious safety concerns with sending Americans to Iran, but they would have to be invited to help in the investigation.   I suspect the details of the investigation will be shared with Canada and Ukraine, so through these countries, NTSB can gain important information.  Of the 176 passengers who died,  20 were Ukrainians, and 11 were Canadians.    The nationalities  of those who died is not really relevant when countries solicit the assistance of the NTSB.  but unfortunately in this case, the sanctions have interfered with the  highly technical matter of plan crash investigation.

It is a chance to cut through all the hostile rhetoric and help Iran with our expertise.    If the crash is due to a problem with the Boeing 737-800, then the knowledge gain can help improve the US fleet of aircraft.

A win-win situation.

See link below

Stay tuned,

Dave

Link:

An Opportunity in Iran’s Latest Tragedy
Trump should allow American experts to join the investigation into the crash of the Ukrainian airliner.

 

Death to America

Not a nice thing to chant in the public square.   But does Iran really hate us?   The website, Irpedia.com, states, “Iran, the land of civilized and friendly people.”   Chants of “Death to America”  certainly doesn’t sound friendly.

Iran Travel

I have traveled extensive through the Middle East (Lebanon, Kuwait, Algeria, Libya, Syria, to name a few places) and I have been amazed at how outgoing the people have been to me.  This image of crazy Moslems ready to string up Americans, might play out in Representative Ted Poe’s district in Texas, but the reality is just the opposite.

So, what’s all this death talk about?  I think the New Yorker did a great job of talking to Iranians, particularly Dr. Nasser Hadian, a US educated Professor of Political Science, who says the slogan dates backs decades and is generally meaningless.  See quote below:

He went on, “For others, it’s part of a religious ritual. But the élite who use it exploit the term for political reasons. Poll after poll shows that Iranians are greater supporters of America than any other Muslim country in the region. “So whom does America want to rely on to judge public opinion?” Hadian asked. “The twenty per cent who do shout ‘Death to America!’ or the eighty per cent who don’t?”

New Yorker

In an interview, the Foreign Minister, Mohammad Zarif,   was asked why Iranians still repeat the chant.  He replied that Iranians do not hate Americans but they don’t like the way the US seems to meddle in the affairs of other countries.   So, why not change the chant to, “Stop US meddling, Please.”   I added the “please” because Iran is a country of civilized and friendly people.  I know this chant won’t be replacing the death one anytime soon.

There is some anti-American sentiment in any country.  You can’t avoid it.  Actually, you can.  It never hurts to brush up on you Canadian, remembering to end each sentence in “eh.”    Or tell people your from Malta- nobody speaks Maltese.

Lonely Planet is one guide book which really gets the inside scoop, of what to see in countries not on the well beaten path of tourists. Their secret is to recruit well seasoned travelers who know the particular country.

Their latest headline is:

If travel is most rewarding when it surprises, then Iran might just be the most rewarding destination on Earth.

Exactly why is pretty well explained in www.lonelyplanet.com/iran

I’m hopeful that Ted Poe is a dying breed of dinosaur.  His interrogation of Sec’y Kerry was shameful:

Rep Poe’s questions to Secy Kerry

https://en.wikipedia.org/wiki/Ted_Poe

And hopefully,  the lawmakers can separate rhetoric from substance, and the nuclear deal gets signed.

And some Americans spend time in the ski resorts outside of Tehran.

David Lord

August 11, 2015